Avidly provides preliminary information for 2020: July–December 2020 revenue approximately 12.0 million euros and operating profit approximately 0.3 million euros

Avidly provides preliminary information for 2020: July–December 2020 revenue approximately 12.0 million euros and operating profit approximately 0.3 million euros

Avidly Plc, inside information, 16 February 2021 at 3.45 pm

As the predictability in Avidly Plc’s business was decreased during 2020 due to the uncertain global economic situation caused by the coronavirus pandemic, the company has not had financial guidance for 2020 in place. Therefore Avidly provides preliminary information on its 2020 figures. The figures are based on preliminary, unaudited information.

Avidly estimates that its July–December 2020 revenue will increase to approximately 12.0 million euros (10.4 million euros) and operating profit will be approximately 0.3 million euros (-2.1 million euros).

The preliminary July–December 2020 operating profit includes, in accordance with the IFRS, an expense of approximately EUR -0.2 million from the share-based long-term incentive plan for the group management. The expense is technical in nature and has no cash-flow impact. Avidly Plc’s Board of Directors decided on the incentive plan in July 2020.

The company’s full year 2020 revenue is estimated to increase to approximately 25.0 million euros (22.1 million euros) and operating profit to total approximately -0.1 million euros (-2.4 million euros).

Avidly will publish its Financial Statement Release for 2020 on 4 March 2021 and the company will not provide further information concerning this bulletin until then. Avidly’s Annual Report including Report of the Board of Directors and Financial Statements for 2020 will be reported on week 10, 2021.

This release contains information which Avidly Plc makes public pursuant to the EU Market Abuse Regulation, article 17. 

AVIDLY PLC
BOARD OF DIRECTORS

Additional information:
Jesse Maula, CEO, Tel. +358 40 548 0248
Hans Parvikoski, CFO, Tel. +358 40 586 6154

Oaklins Merasco Oy acts as Avidly Plc’s Certified Advisor, tel. +358 9 6129 670

Avidly is a leading martech service provider listed on the Nasdaq First North Growth marketplace in Helsinki. We offer holistic digital marketing and sales services and customer experience, data and technology are closely entwined into our impact-driven growth strategy. We are a team of more than 230 navigators and explorers, makers and shakers in 16 locations in Finland, Sweden, Norway, Denmark and Germany. Read more: investors.avidlyagency.com/en

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